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03-22-2020, 07:54 PM | #89 | |
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https://medium.com/@tomaspueyo/coron...e-be9337092b56 |
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03-22-2020, 08:10 PM | #90 | |||
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03-22-2020, 08:19 PM | #91 | ||
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The people who will financially be hurt by recession/depression will be those retiring soon and those who lose their job. People who keep their jobs and who won't retire soon will be okay, and savvy traders will be just fine. I suppose if we slide into anarchy then it's going be very bad for everyone. It's not clear to me the value of sacrifice in economy, freedom, and sanity vs X lives. At some point the misery from being locked inside and creating a depression or worse, isn't worth it, but I don't know where that line is. I do think people in Western cultures won't put up with it at some point. Eventually after some number of months people would rather take their chances and live life than stay in eating canned beans. Not sure how many months before people would defy an indefinite lockdown, but at some point they would. At any rate, Goldman Sachs predicts unemployment to hit 9 precent and the economy to not recover really until some time in 2021, so buckle up. Wash your fucking hands, don't cough into them, and if you have extra cash buy some stocks when the price is depressed. Hopefully with limited shelter in place we get through this without too much chaos or loss of life. |
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03-22-2020, 10:23 PM | #92 | ||||
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03-22-2020, 10:43 PM | #93 | |||
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A virus pandemic is no different than say a flood or hurricane. No one asked for it, but you have to deal with it when it lands. The effects of floods and hurricanes are glaringly obvious. Why? Because we know what it looks like, it's fresh in our memory, and your relative risk in an affected area is great. A pandemic? We don't get those too often, and people underestimate their relative risk when it comes to infections especially those that look like run of the mill colds. Of course we'd rather be living our lives than dealing with nature when it strikes (ie clearing rubble, rescuing folks from flooded neighborhoods, sheltering in place to prevent spreading infectious disease). Dealing with nature is intrinsically costly and if you do nothing then that cost goes up in magnitude. In the case of say an earthquake, a local economy will collapse if you don't clear rubble and rebuild. In the case of a pandemic, the economy will collapse on a broader scale if hospitals become overloaded and start failing to handle case loads. Do we pay X now to deal with it, or some greater amount Z later if we just say f*** it? |
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03-22-2020, 11:23 PM | #94 | ||||
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Read the damn article - it aggregates the most up to date data we have available and goes into deep details on various models, and the collateral impact of failing to suppress the virus. |
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03-23-2020, 06:57 AM | #95 | |
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03-23-2020, 08:36 AM | #97 |
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ok, so 30...60% still get sick. For US what, few millions? For how many it's serious enough that warrants an ER/hospital visit? A multi day stay? The latter, I imagine, is mostly seniors & folks with conditions, so treatment involves much more than just a Tylenol and meal 3 times a day. How that volume is tolerable, but expected from covid is not?
I'm not arguing or downplaying the severeness of covid impact, but at the same time curious re doomsday claims. |
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03-23-2020, 08:48 AM | #98 | ||
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03-23-2020, 08:49 AM | #99 | |
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Everyone, Please try to inform yourselves and stay on top of information. Everything I'm explaining and the answers to all of your questions are readily available from reliable sources. There are major differences between Coronavirus and flu and how we tackle something we know is coming vs something unexpected. |
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03-23-2020, 08:53 AM | #100 | |
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Let's hope the 15 day pause brings it under control and we can return to a more normal life and economy. |
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03-23-2020, 09:21 AM | #101 |
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Ok, let's use math.
Scenario A, regular flu: 100 admitted, 5 dead, 95 discharged. Scenario B, covid: 100 admitted, 50 dead, 50 discharged. What's the total man-hours, equipment-hours spent per patient in each scenario. Is it 10-30 times more for B? One may argue that covid may cause more hospitalized patients in absolute terms, but how wide spread should be to exceed our annual flu numbers? |
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03-23-2020, 09:38 AM | #102 | |
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03-23-2020, 09:54 AM | #103 | ||
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03-23-2020, 10:21 AM | #105 |
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For those having a hard time understanding why COVID is different from your everyday flu (at least here in the US), here's what the impact looks like for your state if measures aren't taken. It has to do with hospital capacity and overwhelming the system due to a virus with no current vaccine and no herd immunity yet:
https://covidactnow.org/ As you can see, doing nothing we quickly overwhelm the available hospital beds, ensuring others who don't have COVID die as well since they will not be able to get needed hospitalization if their health fails during that time. And as one who has a doc for a wife and several docs in my family, hearing stories of how it takes 3 hours to clean a room or an OR used by a COVID+ patient, and how short even major hospitals are in terms of PPE, you realize how fragile our healthcare system is in this country. If lots of healthcare workers start getting infected and fall ill (like in Italy) the situation gets worse. I have seen guidelines put out for docs telling them to resort to using scarves and bandanas if they run out of PPE...
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Last edited by PACarGuy; 03-23-2020 at 10:26 AM.. |
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03-23-2020, 10:24 AM | #106 |
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We got it, it's not the flu. How does the flu have millions affected and we have thousands now with corona and the flu doesnt overwhelm the hospital system?
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03-23-2020, 10:40 AM | #107 | |
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Not the case with COVID-19. Here's a worthwhile walk through of hospital wing in Italy. You'll have to open on browser to watch.
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03-23-2020, 10:45 AM | #108 |
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03-23-2020, 10:47 AM | #109 |
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I've never gone to the hospital for anything, and hoping this is the same because I will get it far before 12 months, with thousand exposures a day and my job not going anywhere
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03-23-2020, 10:49 AM | #110 | |
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Difference in hospitalization rate between flu and COVID is staggering. ~2% for flu, and about 20-30% for COVID. Also, it takes around 5 days for someone with COVID to develop symptoms, whereas with the flu, it’s 2 days. That gives people more time to spread COVID asymptomatically before they know they are sick. So faster spread. The info is all out there if you want to take the time to read it: https://www.vox.com/science-and-heal...flu-comparison https://www.cdc.gov/mmwr/volumes/69/wr/mm6912e2.htm
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Last edited by PACarGuy; 03-23-2020 at 10:59 AM.. |
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